J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $290.00 Price Target at Susquehanna

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective increased by Susquehanna from $250.00 to $290.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price suggests a potential upside of 16.18% from the company’s current price.

Several other equities research analysts have also recently issued reports on JBHT. TD Cowen lifted their price objective on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. Wells Fargo & Company lifted their price objective on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Morgan Stanley lifted their price objective on shares of J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Vertical Research cut shares of J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a research report on Thursday, January 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $227.04.

J.B. Hunt Transport Services Stock Down 0.6%

Shares of J.B. Hunt Transport Services stock traded down $1.48 during trading on Wednesday, hitting $249.62. 186,775 shares of the stock were exchanged, compared to its average volume of 1,032,666. The stock has a market cap of $23.61 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 1.88 and a beta of 1.22. The firm’s 50-day moving average price is $219.45 and its 200 day moving average price is $197.15. J.B. Hunt Transport Services has a 12-month low of $126.05 and a 12-month high of $256.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.81.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.04. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS. As a group, analysts forecast that J.B. Hunt Transport Services will post 7.23 earnings per share for the current fiscal year.

Insider Transactions at J.B. Hunt Transport Services

In related news, SVP Jennifer Boattini sold 2,238 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $232.00, for a total value of $519,216.00. Following the completion of the sale, the senior vice president directly owned 16,650 shares of the company’s stock, valued at $3,862,800. The trade was a 11.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradley W. Hicks sold 4,028 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $225.13, for a total transaction of $906,823.64. Following the completion of the sale, the insider directly owned 30,395 shares of the company’s stock, valued at approximately $6,842,826.35. This trade represents a 11.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,516 shares of company stock valued at $4,754,973 over the last quarter. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in J.B. Hunt Transport Services in the third quarter valued at $25,000. Cromwell Holdings LLC increased its stake in J.B. Hunt Transport Services by 52.2% in the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 71 shares during the period. Parkside Financial Bank & Trust increased its stake in J.B. Hunt Transport Services by 41.5% in the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 66 shares during the period. Hantz Financial Services Inc. increased its stake in J.B. Hunt Transport Services by 52.8% in the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 76 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in J.B. Hunt Transport Services in the second quarter valued at $31,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.